Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to consume when real disposable income equals $14,000?

Which form of business organization is the least common in the United States?

a. sole proprietorship b. partnership c. corporation d. nonprofit organization e. conglomerate

If trade is mutually beneficial, then increasing trade

A. Reduces income for workers in export industries. B. Makes countries less interdependent. C. Leads to increased output in export industries. D. Increases the welfare of producers that compete with importers.